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The more I read about LVT the more clear it is to me that it legitimately solves many, many problems society is currently facing. The housing price crisis is ef
by colinmhayes 4y ago
The more I read about LVT the more clear it is to me that it legitimately solves many, many problems society is currently facing. The housing price crisis is effectively solved by LVT. The "greedy landlord" meme is effectively solved by LVT. Income tax being distortionary is solved by LVT. NIMBYism caused by people wanting their home to be worth more is solved by LVT. Yes, some are better off, some are worse. It's not as clear as you think though. Rural land is worth very little compared to urban. The real losers are people who have single family homes in desirable areas.
- snidane 4y agoYour assessment is correct. The fact that implementing such a simple scheme as LVT would lift up many societal issues suggests that the entire problem that it aims at is the society's bottleneck. From system design we know that no matter how much we optimize other parts of the system, no gain in performance will be achieved because the flow still has to go through that bottleneck. So we should focus on removing that narrow part before even engaging in discussions about other economical topics such as minimum wages, healthcare or education funding etc. Society has it backwards.